Invoicing

This article explains how to configure invoice and dunning process settings.

To access the settings, navigate to Settings > Invoicing in the platform administration of your Payrexx account.

The following settings define the deadlines for invoices and payment reminders sent to affiliated merchants:

Configuring invoice and dunning process settings for affiliated merchants

1. Payment term in days: This specifies the number of days given as the payment deadline on invoices. Merchants have this period to settle their invoices.

2. First to fifth email when invoice unpaid: If the merchant does not pay the invoice within the payment term, up to five emails are sent as payment reminders or dunning notices. In the example above, the first email is sent 15 days after the payment term expires, the second after 35 days, the third after 60 days, and so on.

3. Days until blocking: After this period expires, the merchant's account is blocked, preventing them from receiving live payments.

4. Days until deactivation: After this period expires, the merchant's account is deactivated, preventing them from logging in.

5. Save: Click the green button at the bottom right to save the settings.